- June 3, 2026
- Posted by: EWGFX
- Category: Technical analysis
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The overall market bias remains bearish, with both the 4H and Daily market structures trending to the downside. Price is currently showing a strong rejection from the 4H supply/FVG area, which supports the continuation of the bearish move.
As long as the current structure remains intact, the market is expected to continue lower toward the weekly target around 4366. At the moment, there are no significant obstacles or major support levels that could prevent price from reaching this target.
Key Points:
Overall bias: Bearish
4H structure: Downtrend
Daily structure: Downtrend
Price reacting from the 4H rejection zone
Weekly target: 4366
No major barriers currently visible before the target